Commitments and Contingencies (Tables)

9 Months Ended

Mar. 31, 2020

Disclosure Commitments And Contingencies Tables Abstract

Schedule of Lease

Nine Months Ended
March 31, 2020
Lease Cost
Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations)	$	112,482
Other Information
Cash paid for amounts included in the measurement of lease liabilities for the nine months ended March 31, 2020	$	109,471
Remaining lease term – operating leases (in years)		2.92
Average discount rate – operating leases		10	%
The supplemental balance sheet information related to leases for the periods are as follows:
Operating leases
Right-of-use assets	$	388,332
Total operating lease assets	$	388,332
Short-term operating lease liabilities	$	113,675
Long-term operating lease liabilities	$	287,904
Total operating lease liabilities	$	401,579
Maturities of the Company’s lease liabilities are as follows:
Period ending June 30,		Operating Lease
2020	$	50,269
2021		151,344
2022		155,888
2023		105,984
Total lease payments		463,485
Less: Imputed interest/present value discount		(61,906	)
Present value of lease liabilities	$	401,579